Not much energy to play meme coins on the Robinhood public blockchain.

CN
Rocky
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2 hours ago

I don't have much energy to play with meme coins on the Robinhood public chain, but as a low-risk arbitrage player, I like to set up LPs to collect rent, which is quite similar to the rental business in Guangdong! 🧐

A relatively good LP tool is @KrystalDeFi. Compared to some new LP DeFi tools, it has a longer history, is also safer, and is easier to use, with data being clear at a glance. I generally only set up trading pairs of USDG, WETH, and ETH, as there is no need for too much exposure, it's hard to manage!

Then pay attention to LP fees, for example in the image below, 1, SPY/USDG and WETH/SPY. Although both are S&P 500 liquidity pools, in terms of 24-hour trading volume, WETH/SPY has $21.8 million, while SPY/USDG only has $5.5 million. However, in 24-hour fees, the USDG pool is twice as high as the WETH pool, mainly because the LP fee for USDG is 0.35%, while WETH is only 0.05%, resulting in a significant difference. The higher the LP fee, the higher your returns, but you also need to pay attention to trading volume, as the two are closely related.

For some meme coin trading pairs, I usually choose trading pairs with LP fees of over 1%, but care must be taken regarding the risk of impermanent loss. It is recommended to start with indexes or popular stocks in the early stages!

Another useful tool is @lpagent_io, which automatically monitors smart LP operations. You can copy smart LP strategies with one click and filter and match based on their historical data, allowing you to enter popular pools immediately. The data is clear and also very convenient, as shown in👇 image 2!

This approach currently feels a bit like the taste of DeFi Summer back in the day, mining the initial tokens, quickly recovering the investment, and then moving on to the next hot token to continue mining! 🤔

This article is sponsored by @binancezh, "Buy US stocks on Binance: Global assets, zero time difference, one-click access!"


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